Hey, traders. It's friday already. Hope you guys having a good week.
Let's see the EURO chart quickly.
We can see
1. long-term descending channel.
2. overlapped resistance on 0.99000
3. bottom price of momentum is on 0.93000
We should check
Friday - UK Retail Sales (MoM) (Sep), EU Leaders Summit
Saturday - ECB President Lagarde Speaks
We can expect
1. the price dropping form the resistance on 0.99000 to 0.96000
2. the price keep falling to 0.93000 by breaking the support on 0.96000
Unfortunately, the price couldn't reached 0.99000 that we've already mentioned but, still, it was a good chance to have a short position.
Because of Fed keeps hawkish stance, we can expect bearish market will be kept.
If the candle is made under 0.98000, we can have another chance for short position to 0.93000.
Let's see if we can have that chance.
Thank you for reading and hope this was helpful.
Analyzed by Han.
Let's see the EURO chart quickly.
We can see
1. long-term descending channel.
2. overlapped resistance on 0.99000
3. bottom price of momentum is on 0.93000
We should check
Friday - UK Retail Sales (MoM) (Sep), EU Leaders Summit
Saturday - ECB President Lagarde Speaks
We can expect
1. the price dropping form the resistance on 0.99000 to 0.96000
2. the price keep falling to 0.93000 by breaking the support on 0.96000
Unfortunately, the price couldn't reached 0.99000 that we've already mentioned but, still, it was a good chance to have a short position.
Because of Fed keeps hawkish stance, we can expect bearish market will be kept.
If the candle is made under 0.98000, we can have another chance for short position to 0.93000.
Let's see if we can have that chance.
Thank you for reading and hope this was helpful.
Analyzed by Han.
